Baar-Zug, 4 March 2014
Partners Group, the global private markets manager, announces that it has invested, on behalf of its clients, in the development of Skylab, a state of the art office building in the Plan-les-Ouates high-tech and business park in Geneva, Switzerland. Skylab is adjacent to the highly successful Bluebox building, replicating its construction and its target market at a higher standard and lower cost, with completion planned for summer 2015.
Skylab will offer approximately 22'500 m² of Grade A office accommodation over five floors including parking, an onsite nursery and restaurant, and is strategically located less than 15 minutes from Geneva's International Airport. The asset will also benefit from outstanding green credentials, targeting a BREEAM excellent rating, and is also in line to achieve the “Minergie Label”, the Swiss sustainability award for green design and technology.
Thomas Müller, a senior investment manager in the private real estate team at Partners Group, comments: “We are very pleased to have been able to secure an investment in this exciting development project on behalf of our clients. The small number of competing offerings in the vicinity and limited future pipeline, coupled with the trend of occupiers moving away from Geneva city center mean that this opportunity offers compelling risk-adjusted returns.”